How to Determine Executive Pay and Prevent Overpaying
Posted by Jamie McGough on February 16, 2021 in Video
The marketplace for talent is no different than any other marketplace. It does not guarantee a positive or negative outcome. It simply establishes a price.
In this video, Jamie McGough, Partner at Meridian, explains how paying “market price” for executive talent is both an art and a science.
Performance-based short-term and long-term incentives comprise more than 70% of executive compensation, so companies must understand the competitive landscape for this talent. A common approach is to identify competitors to benchmark against.
For more information and insights into executive compensation programs, visit Meridian Compensation Partners at https://meridiancp.com.
Board Advisory Services, Corporate Governance Consulting, Program Design